Evaluating and Solving an Linear and Exponential Applications
Assume you can invest $3000 at 4.5% Simple Interest or 3% Compound Interest (Annual). The corresponding equations for these two types of interest are given below.
Simple interest: S(t)=3000+135t
Compound interest: C(t)=3000(1.03)t
Complete the table for each function. Round your answers to two decimal places as needed.